Sunday, January 11, 2009

US 2008 Financial Statement

The GAO released the 2008 financial statement for the US in mid-December. Quoting from the press release - "For the 12th year in a row, the U.S. Government Accountability Office (GAO) was prevented from expressing an opinion on the consolidated financial statements of the U.S. government—other than the Statement of Social Insurance—because of numerous material internal control weaknesses and other limitations." I did a google search on news archives to see if there was any press coverage but came up with none. I did find this coverage on the Public Financial Management Blog. The Citizen's Guide to the Federal Government's Financial Health is only 11 pages and contains highlights. It would be good if this information was reported in the news.

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